Brazil plans major refinery expansions

Brazil is the largest producer of liquid fuels in South America. However, the country still lacks the installed refining capacity to meet domestic demand for transportation fuels. For this reason, Brazil has a number of refining projects planned and underway.

Brazil is the largest producer of liquid fuels in South
America, and this nation is the ninth-largest energy consumer
in the world. The majority of Brazils crude oil reserves
are contained in the offshore pre-salt fields of the Campos,
Espírito Santo and Santos basins. Located off the
countrys southeast coast, the pre-salt fields hold
estimated reserves of approximately 100 billion barrels of oil
equivalent. These pre-salt oil deposits could possibly
transform Brazil into one of the worlds largest oil
producers.

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